April 1, 2025 8:05 pm
Full News

The US Is On Track To Hit The National Debt Ceiling Again

The United States has once again reached the point of reaching the national debt limit. Next Tuesday, the US government will reach the national debt limit of 36 trillion or 36 trillion dollars. Treasury Secretary Janet Yellen said special measures will be taken to continue government spending. Donald Trump is going to take office as the President of the United States on January 20. This situation was created before that. News from CNN

Reaching the national debt ceiling means putting pressure on members of Congress. The US government has never defaulted. Members of Congress must act now to ensure that reality does not materialize. If the US defaults, the global financial system will be turned upside down. Janet Yellen said, this special system should continue until March 14. This special arrangement includes secret accounting, matters not normally made public. Republicans control Capitol Hill. But there is no consensus among them on how to deal with this debt ceiling issue. They have some big agendas. They also want to influence Congress along party lines on issues like border security, energy, tax cuts. Apart from this, the financial bill of 2025 has to be passed. This special arrangement, which started on October 1, will end on March 14.

The US national debt ceiling was suspended in June 2023. It was valid till January 1. Before that, the country’s national debt limit was 31.4 trillion or 3.14 million dollars. In the United States in 1939, the first national debt limit was set at 45 billion or 4,500 billion dollars. After that, this loan limit has to be increased 103 times till now. In October 2023, the country’s national debt rose to 98 percent of the permitted limit, up from just 32 percent in 2001.

After being elected in 2016, Donald Trump gave tax cuts to the wealthy. Then the US government had to borrow huge amounts to provide incentives to people during covid. Due to this, the debt of the country has increased a lot in the last few years. Now if Trump cuts the rich again, the tax revenue will decrease. Analysts believe that Trump is thinking about lifting the debt ceiling from that thought.

Related News
EU Fines Meta $840 Million for Antitrust Violations Tied to Facebook Marketplace
Myanmar’s Junta Forces Continue Attacks Despite Devastating Earthquake
External Affairs Minister S. Jaishankar’s US Visit: Strengthening India-US Partnership in Technology, Trade, and Investments
The Global Threat of Militant Islam: A Clear and Present Danger
Scientists Uncover Rare Metals in Toxic Coal Waste, Offering Clean Energy Potential
Superbugs Claim 7,600 Lives Annually in the UK
Related Posts
U.S. to Honor Controversial Bangladeshi Protesters, Sparks Debate
State Dept: No Recipient to Accept Madeleine Albright Group Award at IWOC
Are Farzana Rupa, Shakil Ahmed, and Other Seasoned Journalists’ Cases Finally Getting Congressional Attention?
Iran-U.S. Relations: A Timeline of Tensions and Turning Points
Elon Musk’s Involvement Dominates Record-Breaking Wisconsin Supreme Court Race
Denmark and U.S. to Hold High-Level Talks Amid Greenland Tensions
More News

Mujibur Rahman’s Image to Be Removed from Bangladesh Currency in Shift to New National Identity

DHAKA, Bangladesh’s interim government, led by Nobel laureate Muhammad Yunus, has announced plans to remove the image of Sheikh Mujibur Rahman, the country’s founding father, from its currency notes. The new currency, set to enter circulation within six months, will instead feature religious structures, Bengali traditions, and graffiti from the July uprising, marking a significant […]

Prime Minister Netanyahu Consoles Freed Hostage Eli Sharabi on Family Tragedy

News: Prime Minister Benjamin Netanyahu spoke with Eli Sharabi, who was recently released from Hamas captivity after 491 days. During their conversation, Netanyahu expressed his condolences for the tragic loss of Sharabi’s wife, Lianne, his daughters, Noiya and Yahel, and his brother, Yossi. Netanyahu acknowledged the difficult days Sharabi has endured and offered support on […]

Life for Women Inside Iran’s Notorious Evin Prison

Nasim, a 36-year-old hairdresser, spent her first four months in Iran’s Evin prison in solitary confinement. In a tiny, windowless cell without a bed or toilet, she endured hours of daily interrogations and threats of execution. Her experience highlights the harsh realities for women detained in this infamous prison.Evin prison, located in Tehran, is notorious […]

U.S.-backed Army Chief Becomes Lebanon’s President

After two years of vacancy, Lebanon’s top presidential post has been filled with the election of Army Chief Joseph Aoun. Backed by the United States, Aoun was elected as president in a parliamentary vote held on Thursday. Not only is he supported by the U.S., but he is also credited with limiting the influence of […]

Bangladeshi Preacher with Alleged Terror Links Delivered Extremist Sermon in Singapore

Bangladeshi preacher Amir Hamza, who is reportedly linked to the pro-Al-Qaeda group Ansar al-Islam, preached an unauthorized extremist sermon to migrant workers in Singapore. His speech allegedly promoted religious intolerance and glorified extremism, leading to legal action against event organizer Abdus Sattar and dormitory operator SBM Electrical & Automation. Extremist Sermon and Allegations On August […]

Can Bangladesh’s Yunus Overcome Sheikh Hasina’s Legacy and Deliver Reform?

Bangladesh’s interim leader, Muhammad Yunus, faces the daunting task of rebuilding the nation after the fall of Sheikh Hasina’s long-standing regime. However, he must navigate strong resistance from her supporters while addressing economic and political challenges. Since taking office, Yunus has struggled with rising inflation and delays in implementing crucial reforms in the judiciary, political […]

Oscar Nominees Gather for Pre-Awards Dinner at the Academy Museum

Hollywood’s brightest stars gathered on Tuesday evening at the Academy Museum of Motion Pictures for a special dinner celebrating this year’s Oscar nominees. The event offered a rare opportunity for contenders, from actors to directors and sound editors, to mingle ahead of Sunday’s prestigious Academy Awards ceremony. Over 200 nominees from various categories, including Timothée […]

Millions Could Die if the U.S. Halts Aid, Warns UNAIDS Chief

The head of the United Nations’ AIDS agency has warned that millions of people could die if the United States halts its aid. Since taking office, former President Donald Trump significantly reduced U.S. contributions to global health initiatives, including those supporting HIV/AIDS treatment. According to Winnie Byanyima, the Executive Director of UNAIDS, the U.S. was […]

Canada and the United States Should Become One Country: Trump

Newly elected U.S. President Donald Trump has stated that Canada should unite with the United States, as it would bring many benefits to Canada. On Monday, Canadian Prime Minister Justin Trudeau resigned, and shortly after, Trump made such remarks on social media. He said, “If Canada merges with the United States, there will be no […]

“The Mummy” Franchise Set for New Remake by Lee Cronin

Renowned director Lee Cronin, celebrated for his recent horror hit Evil Dead Rise, is taking the reins for a fresh reboot of The Mummy. Scheduled for release on April 17, 2026, this reimagining will be produced by Blumhouse, Atomic Monster, and Doppelgängers, alongside other major studios. Cronin has promised a unique take on the classic […]